Now would be the time to pay off some debt

Here is a time-sensitive post for you.

There is no question about it: times are good right now in the financial sphere. Stocks are going up (and have been for years), internet-articles about people living as daytraders are popping up all around, the Bit-coin craze is at an all-time high and housing prices are unfathomably ridiculous no matter which country you look to.

I am not here to try and predict a new crash in the market. I couldn’t possibly guess whenever everything blows up the next time. I am just saying that things aren’t at a low point these days.

The average amateur investor usually jumps on the train when everything looks shiny, and every banker in town is drinking champagne for lunch. But the capitalist/banker type is only partying right now because they have had stock in the marked ever since things looked a lot worse – so they are taking home a lot of profit at the moment.

So I believe that there is a lot of risk and potential for downside in getting invested in the market right now, and the rest of us, the regular mortal people, should probably stay out of it and allocate our money somewhere else.

You could look towards the safer option in bonds instead, but since the interest rates are so low in that field, your best bet is most likely to pay off some debt if you have any.

Next time you should get invested in the stock market is when there is blood in streets and one of your neighbors is getting thrown out of their house because they can’t afford it any longer. Then you invest in stocks or index funds, or what have you, like a real, cold and cynical capitalist.

Thanks for reading.

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Max Micheelsen

I'm a simplifier, Love efficiency in all forms, Beleive in a slow lifestyle, enabled via smart solutions

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